527 E Lemon Ave, Eustis, FL

House

For Sale

Listed price in listed location currency (USD).

$629,000

000

MLS® G5113226

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size 5415 sqft

Garage

Taxes $7,283

Days Active 0

Lot Size 0.57 Acres

Approx. Age 1919

Avg. Price Per Sqft $116

MLS® Number G5113226

Property Address: 527 E Lemon Ave, EUSTIS, FL, 32726-4185

Average square foot calculated using Size range provided by listing agent.

Description

Investment Opportunity – 6-Unit Multifamily Property Near Historic Downtown Eustis. Great opportunity to acquire a 6-unit multifamily property located just minutes from historic downtown Eustis, waterfront parks, shopping, dining, and entertainment. Originally built in 1919, this income-producing property offers historic character combined with significant upside potential. The property consists of six residential units with four units currently occupied and two vacant units currently available for lease, providing an immediate opportunity to increase cash flow. Unit mix includes one 3-bedroom/2-bath unit, one 2-bedroom/1-bath unit, and four 1-bedroom/1-bath units. Several tenants have established rental histories, with a combination of long-term occupants and month-to-month tenancy providing flexibility for future management strategies. The current owner has invested considerable effort into improving the property's marketability and ownership position, including successfully completing a quiet title action resulting in clear title, resolving prior open permit issues, and addressing foundation-related concerns. Conveniently located within close proximity to downtown Eustis and major transportation corridors, the property is well-positioned to benefit from continued growth throughout Lake County. With two vacant units ready for lease-up and several existing rents offering potential for future adjustment, investors have the opportunity to increase income and maximize returns. This property presents an excellent opportunity for investors seeking a value-add multifamily asset with much of the heavy lifting already completed. Rent roll, lease information, and operating expense summary available upon request. Buyer to verify all measurements, zoning, future use, financial projections, and all information deemed important to the buyer. Do not disturb tenants. Showings by appointment only.

MLS® NumberG5113226

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1919

Basement

Driveway

Garage Spaces

HeatNatural Gas

A/CWall/Window Unit(s)

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 21, 2026List Date

$629,000List Price

Commute

Commute

Starting Address

Destination Address

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